Koppers: 3Q Earnings Snapshot

November 8, 2018

PITTSBURGH (AP) _ Koppers Holdings Inc. (KOP) on Thursday reported third-quarter profit of $7.6 million.

The Pittsburgh-based company said it had net income of 35 cents per share. Earnings, adjusted for asset impairment costs and non-recurring costs, were 73 cents per share.

The results missed Wall Street expectations. The average estimate of four analysts surveyed by Zacks Investment Research was for earnings of $1.12 per share.

The maker of chemicals, carbon compounds and wood treatment products posted revenue of $442.7 million in the period, which also missed Street forecasts. Three analysts surveyed by Zacks expected $502.6 million.

Koppers expects full-year earnings in the range of $3.30 to $3.40 per share.

Koppers shares have decreased 44 percent since the beginning of the year. The stock has decreased 39 percent in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on KOP at https://www.zacks.com/ap/KOP

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